Welcome to 1720 W 24th St, a turnkey, tenant-occupied investment opportunity located just southwest of downtown Anderson. This durable concrete block ranch sits on a manageable corner lot fully enclosed by a chain-link fence and offers strong rental fundamentals from day one. The current lease runs from 5/1/26 through 4/30/27 at $900/month, which hits nearly a 1.4 rent-to-price ratio and provides immediate cash flow for the next owner. The tenant is responsible for all lawn maintenance and utilities, and the property is professionally managed by Midwest Property Management, making this a truly hands-off addition to your portfolio. The home features 1,086 sq ft with 2 bedrooms, 1 full bath, a split-bedroom layout, arched doorways, galley-style kitchen with ample cabinet space, side-by-side laundry hookups, central heat/air, a 588 sq ft unfinished basement with daylight windows, and a 1-car attached garage. The unique blue metal roof adds curb appeal and long-term durability, while the front deck and ramp provide easy accessibility. Located around the corner from Anderson Speedway and Jackson Park, and under 10 minutes from St. Vincent Hospital, Meadowbrook Golf Course, the casino, and horse track, this property is well positioned for continued rental demand. Property is sold as-is, price is firm, and no creative/seller financing or wholesalers will be considered.
Pending
$65,000
1720 W 24th St, Anderson, IN 46016
2beds
1,629sqft
Residential, Single Family Residence
Built in 1948
6,098 Square Feet Lot
$-- Zestimate®
$40/sqft
$-- HOA
What's special
Side-by-side laundry hookupsSplit-bedroom layoutArched doorwaysManageable corner lot
- 88 days |
- 274 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22083657
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Living room
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14X12
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Oven, Refrigerator
- Laundry: Connections All, Main Level
Features
- Attic Access
- Basement: Daylight,Unfinished
- Attic: Access Only
Interior area
- Total structure area: 1,629
- Total interior livable area: 1,629 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage Faces Rear
- Attached garage spaces: 1
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Fencing: Fenced,Chain Link,Fence Complete
Lot
- Size: 6,098 Square Feet
- Features: Mature Trees
Details
- Parcel number: 481114304025000003
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Block
- Foundation: Block
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Pleasant Walk
HOA
- Has HOA: No
Location
- Region: Anderson
Financial & listing details
- Price per square foot: $40/sqft
- Tax assessed value: $30,900
- Annual tax amount: $628
- Date on market: 4/5/2026
- Cumulative days on market: 88 days
Estimated market value
Not available
Estimated sales range
Not available
$920/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Pending sale | $65,000$40/sqft |
Source:  MIBOR as distributed by MLS GRID #22083657 Report a problem | ||
| 6/10/2026 | Listing removed | $900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/20/2026 | Listed for rent | $900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/22/2026 | Listing removed | $900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/5/2026 | Listed for sale | $65,000$40/sqft |
Source: MIBOR as distributed by MLS GRID #22083657 Report a problem | ||
| 3/30/2026 | Listed for rent | $900$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $629 +9.4% | $30,900 +9.2% |
| 2024 | $575 -0.4% | $28,300 +10.1% |
| 2023 | $577 +8.7% | $25,700 -0.4% |
| 2022 | $531 +4.5% | $25,800 +9.3% |
| 2021 | $508 +31.4% | $23,600 +4.9% |
| 2020 | $387 -35.3% | $22,500 +31.6% |
| 2019 | $598 +71.7% | $17,100 -2.8% |
| 2018 | $348 | $17,600 +1.1% |
| 2017 | $348 +4.8% | $17,400 |
| 2016 | $332 +1.2% | $17,400 +6.1% |
| 2014 | $328 | $16,400 |
| 2013 | $328 +1.2% | $16,400 +1.2% |
| 2012 | $324 | $16,200 +23.7% |
| 2011 | -- | $13,100 |
| 2010 | $262 -33.3% | $13,100 |
| 2009 | $393 | $13,100 -68.4% |
| 2006 | -- | $41,500 +23.1% |
| 2005 | -- | $33,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46016
Nearby schools
GreatSchools rating
- 2/10Anderson Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Highland Jr High SchoolGrades: 7-8Distance: 4.9 mi
- 3/10Anderson High SchoolGrades: 9-12Distance: 1.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Madison County
- Anderson
- 46016
- 1720 W 24th St
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